What is a Small Business?

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Offline bipasha

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What is a Small Business?
« on: September 29, 2012, 10:35:24 AM »
What is a Small Business?

A small business is not dominant in its field of operation and qualifies as a small business concern under Title 13, Code of Federal Regulations, part 121 (13 CFR 121). SBA has established size standards for all for-profit economic activities as they are described under the North American Industry Classification System (NAICS). Size standards are critical in the government-contracting process because they ensure a "level playing field" for competition among small businesses of varying sizes. They also apply to other SBA programs, such as its Loans & Grants and Technology (SBIR/STTR) Programs. In fact, they apply to all Federal programs that provide a benefit to a small business concern.

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Offline sajib

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Re: What is a Small Business?
« Reply #1 on: February 10, 2014, 09:47:26 AM »
Designation for firms of a certain size which fall below certain criteria (that varies from country to country) in terms of annual turnover, number of employees, total value of assets, etc. [businessdictionary.com]

Kamrul Hossain Sajib
Assistant Controller of Examination
Daffodil International University